Question
Please pick the correct answer from the options that are given. A bond has a modified duration of 4.6 and yield to maturity of 8.9
Please pick the correct answer from the options that are given.
A bond has a modified duration of 4.6 and yield to maturity of 8.9 percent. If interest rates decline by one-quarter of a percent, the bond's price will increase by _______ percent.
A. 0.72
B. 1.15
C. 1.23
D. 1.37
E. 1.08
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Multifamily Riches Unlocking Wealth With Small Multifamily Investments
Authors: Benjamin Stone
1st Edition
979-8856419169
